Question: 8.16 Three mutually exclusive alternatives are being con- sidered. 8-16 Initial investment $50,000 $22,000 $15,000 Annual net income 5,093 2,077 1,643 Rate of return 8%

8.16

 8.16 Three mutually exclusive alternatives are being con- sidered. 8-16 Initial

investment $50,000 $22,000 $15,000 Annual net income 5,093 2,077 1,643 Rate of

Three mutually exclusive alternatives are being con- sidered. 8-16 Initial investment $50,000 $22,000 $15,000 Annual net income 5,093 2,077 1,643 Rate of return 8% 7% 9% Each alternative has a 20-year useful life with no salvage value

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